According to Wood Mackenzie, Tianqi is the largest producer of mined lithium globally by output. The company is also ranked fourth globally and second in Asia by lithium compound production.
Lithium demand would remain resilient, driven by vehicle electrification. The lithium price is expected to recover from the current low level in the next few years.
Decrease in the price of lithium products or changes in the current and expected supply/demand dynamics of lithium would significantly affect Tianqi’s profitability, resulting in volatility and uncertainty in earnings forecast.
|
Metric
|
09696
|
01772
|
ALB
|
|---|---|---|---|
Price/Earnings (Normalized) | 8.38 | 6.17 | 15.80 |
Price/Book Value | 0.72 | 0.84 | 1.39 |
Price/Sales | 1.98 | 0.75 | 2.03 |
Price/Cash Flow | 4.27 | 5.92 | 9.08 |
|
Metric
|
09696
|
01772
|
ALB
|
|---|---|---|---|
Quick Ratio | 2.29 | 0.59 | 1.25 |
Current Ratio | 2.86 | 1.09 | 2.09 |
Interest Coverage | 20.25 | 7.46 | 1.99 |
|
Metric
|
09696
|
01772
|
ALB
|
|---|---|---|---|
Return on Assets (Normalized) | 5.98% | 4.42% | 5.06% |
Return on Equity (Normalized) | 10.31% | 11.31% | 10.70% |
Return on Invested Capital (Normalized) | 6.97% | 6.87% | 7.34% |
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1-Day Chart
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